30 August 2015

NCR buys uGenius as top US banks prepare to pilot video ATMs

03 January 2013  |  6083 views  |  0 NCR Video ATM

NCR has signalled its commitment to video ATM technology with the acquisition of specialist uGenius. Financial terms of the deal were not disclosed.

NCR first teamed up with uGenius in 2011 to build an ATM that lets consumers talk and bank with a live, remote teller. It then took a minority stake in its partner last July.

The cash machine giant has now taken complete ownership of uGenius as it prepares to begin pilots for its Aptra Interactive Teller with "multiple top 10 US banks" in the next few months. NCR says it also plans to tap uGenius technologies that bring video banking to other channels.

Peter Leav, EVP, NCR, says: "Video banking - or, as we prefer to call it, remote assisted service - will continue to gain momentum in the US and other countries in 2013. Remote assisted service is proving to help financial institutions grow revenues while at the same time reduce their operating and real estate costs."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 January, 2013
24 October, 2012
10 October, 2012
14 August, 2012
31 January, 2012
04 June, 2010

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6508 views comments | 26 tweets | 22 linkedin
SunGard system glitch causes havoc for BNY...
6133 views comments | 13 tweets | 12 linkedin
FIS opens Indian financial inclusion lab
5958 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
5601 views comments | 27 tweets | 15 linkedin
Wirecard bids for Worldpay - Bloomberg
5100 views comments | 10 tweets | 7 linkedin

Featured job

to £80K base + commission + bonus
London, UK

Find your next job